30 August 2018

How much you can save automating invoice recording and implementing OCR?

Only a few years ago 80% of companies used paper invoices. The next step in the evolution of invoices was introducing workflow systems for purchase invoices, then scanning and electronic archiving. Nowadays workflow systems for purchase invoices or OCRs are basic tools for each company.
2 August 2018

How to deal with organizational issues in procurement teams and keep a cool head?

70% of CPOs who are working with NextBuy team claim that team effectiveness decreases radically due to administrative and operational issues. One of the main procurement challenges is simplifying buyers’ operational work. The thing is that it’s not an easy task as the processes in procurement teams are really complex, the number of the tasks is high and the buyers need to communicate with many parties in many cases.
19 July 2018

How to simplify the Q&A session in the RFx process?

Suppliers aren’t responding, the phone is silent and the whole decision making process is much longer than usually? No feedback and response may really disturb the work of procurement teams or even make it impossible. Are you working in an international company and the holiday peak happens in different months? That definitely won’t make the situation better. But it doesn’t have to be wasted time. Buyers and procurement experts may take advantage of this time effectively and get ready for the next intense months. How?
5 July 2018

How procurement experts can spend summer time effectively?

Suppliers aren’t responding, the phone is silent and the whole decision making process is much longer than usually? No feedback and response may really disturb the work of procurement teams or even make it impossible. Are you working in an international company and the holiday peak happens in different months? That definitely won’t make the situation better. But it doesn’t have to be wasted time. Buyers and procurement experts may take advantage of this time effectively and get ready for the next intense months. How?
7 June 2018

How to build procurement teams and develop the employees working for purchasing departments? See the HR Business Partner suggestions!

How to find potential employees with those competencies? And how to make them stay with us? See what HR Business Partner working for procurement teams suggests!
9 May 2018

How to support a company with no purchasing strategy and how to kick off? [SEE THE INFOGRAPHIC]

You get a task to work on a purchasing strategy for the company. Huge challenge, isn’t it? And it doesn’t necessarily  have to be completed successfully. All depends on how we kick off the project and how the change management is going to be coordinated. How to start and keep a cool head? We have a hint for you!
19 April 2018

4 ways to convince your company board to invest in procurement software

According to one of the consulting companies research 50% of CEOs have no idea what a procurement team really does. According to another survey 58% of CEOs think that procurement is uneffective and needs to be re-organized. How to change this attitude and debunk the myths? Procurement software and online auction platforms may be a perfect solution in that case! Not only do they support procurement teams work, but also they bring a huge value to the C-level employees.
4 April 2018

Should procurement be ready for GDPR? Yes!

Why should procurement executives also consider GDPR? GDPR applies to both controllers and processers of data and business needs to present compliance in terms of GDPR regulations. That why procurement teams need to be prepared as well. To make it at least a bit easier, we’ve prepared GDPR checklist for procurement teams!
7 March 2018

E-procurement in SME. Does it make sense?

Small and medium-sized enterprises, so the SMEs ( according to the European standards those are the ones hiring from 10 up to 250 employees, while the companies with less than 10 employees onboard are defined as micro companies) account for 99% of all firms in the European Union, contribute most of total employment and are an essential element of every developing economy. In the UK alone there are 97.000 SMEs formed each year! SMEs spend between 45% and 60% of sales revenue on procurement of raw materials and professional services. Small business owners are increasingly subscribing to cloud-based software services too.
20 February 2018

Why transparency is a key feature of successful procurement? Or maybe it isn’t?

A transparent procurement process ensures equal access to all the process elements for all its participants and suppliers (certainly, except the sensitive data). Procurement methods, procurement process rules (for example, acceptance workflow), legislation, evaluation criteria (such as attaching significance to the particular criteria), technical specification, supplier rights should be definitely transparent.

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